8 to 10 k is a good start. I like the Cal 29 for that price range and area. The type of equipment you'll need is a big can of worms on this sight so if people bight, hold on to your wallet! and don't get discouraged, some people's "absolutally needs" are some others "absolutally don't want's" Just remember safety is first, comfort is an individual experience and a distant second. I'm cumfy in good fowly's, rubber boots, a dim light and a cup of luke warm tea. Others need much much more. You will need a strong Hull and rig. decent sail inventory. Modern communication and nav equipment, new, fuctioning saftey/ life raft/ ditch gear and oversized ground tackle. Look for a book called "my old man and the sea." very imformative of needs verses want's.